3505 HUMBOLDT AVE N MINNEAPOLIS MN 55412

PID: 0902924210233

Property Overview

Parcel ID0902924210233

Lot Size4,988 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built2006

Property ClassRESIDENTIAL

OwnerSHERLINDA R WHEELER

Assessed Value$303,000

Land Value$18,000

Building Value$285,000

Annual Tax$4,420

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2006 · $331K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$21K

REPAIR KING

ResMar 2022Closed

Arney Plumbing LLC

BinbApr 2006

$310K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth88 ft

Area~2,545 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 2,545 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3511 HUMBOLDT AVE N MINNEAPOLIS MN 55412	IRELAND HOMES SF V LLC	RESIDENTIAL	$158,100	39 ft
3501 HUMBOLDT AVE N MINNEAPOLIS MN 55412	BAKHT ZARI MOLEAZAY ET AL	RESIDENTIAL	$178,000	42 ft
3515 HUMBOLDT AVE N MINNEAPOLIS MN 55412	LILA I MORELL	RESIDENTIAL	$204,200	79 ft
3519 HUMBOLDT AVE N MINNEAPOLIS MN 55412	MN ASST COUNCIL/VETERANS	RESIDENTIAL-TWO UNIT	$0	118 ft
3504 IRVING AVE N MINNEAPOLIS MN 55412	KENNETH J SCHAAF	RESIDENTIAL-TWO UNIT	$307,900	138 ft
3500 IRVING AVE N MINNEAPOLIS MN 55412	IVETTE LOAIZA	RESIDENTIAL	$236,000	144 ft
3510 IRVING AVE N MINNEAPOLIS MN 55412	KEITH D MALMER	RESIDENTIAL	$199,600	144 ft
3523 HUMBOLDT AVE N MINNEAPOLIS MN 55412	BRANNEN JAMES NEUMEISTER	RESIDENTIAL	$310,800	158 ft
3457 HUMBOLDT AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	158 ft
3514 IRVING AVE N MINNEAPOLIS MN 55412	ADDISON & MAXWELL KUBALA	RESIDENTIAL	$200,800	160 ft

Property History

Most Recent Sale

Date200609

Price$201,175

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,420